Effect of Democracy on log GPD per Capita, 1789-2014
            &      e1_add&      e2_add&      e3_add&      e4_add&   e1gmm_add&   e2gmm_add&   e3gmm_add&   e4gmm_add\\
            &     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1\\
Democracy   &       0.470&       0.257&       0.253&       0.308&       0.463&       0.232&       0.233&       0.334\\
            &      (0.23)&      (0.11)&      (0.11)&      (0.11)&      (0.28)&      (0.14)&      (0.13)&      (0.13)\\
log GDP, first lag&       0.996&       1.569&       1.472&       1.465&       0.990&       1.558&       1.462&       1.457\\
            &      (0.00)&      (0.02)&      (0.03)&      (0.03)&      (0.00)&      (0.03)&      (0.03)&      (0.03)\\
log GDP, second lag&       0.000&      -0.578&      -0.326&      -0.318&       0.000&      -0.570&      -0.320&      -0.315\\
            &         (.)&      (0.02)&      (0.03)&      (0.03)&         (.)&      (0.02)&      (0.03)&      (0.03)\\
log GDP, third lag&       0.000&       0.000&      -0.165&      -0.159&       0.000&       0.000&      -0.163&      -0.157\\
            &         (.)&         (.)&      (0.02)&      (0.02)&         (.)&         (.)&      (0.02)&      (0.02)\\
log GDP, fourth lag&       0.000&       0.000&       0.009&      -0.014&       0.000&       0.000&       0.007&      -0.014\\
            &         (.)&         (.)&      (0.02)&      (0.02)&         (.)&         (.)&      (0.02)&      (0.02)\\
log GDP, fifth lag&            &            &            &       0.033&            &            &            &       0.032\\
            &            &            &            &      (0.02)&            &            &            &      (0.02)\\
log GDP, sixth lag&            &            &            &      -0.014&            &            &            &      -0.014\\
            &            &            &            &      (0.02)&            &            &            &      (0.02)\\
log GDP, seventh lag&            &            &            &      -0.011&            &            &            &      -0.011\\
            &            &            &            &      (0.02)&            &            &            &      (0.02)\\
log GDP, eighth lag&            &            &            &       0.008&            &            &            &       0.009\\
            &            &            &            &      (0.01)&            &            &            &      (0.01)\\
Long-run effect of democracy&     105.565&      28.378&      25.084&      30.544&      44.459&      18.936&      17.707&      26.239\\
            &     (68.14)&     (13.07)&     (10.93)&     (11.08)&     (32.87)&     (12.28)&     (10.55)&     (11.14)\\
Effect of democracy after 25 years&      11.148&      11.602&      12.172&      14.752&      10.240&       9.635&      10.304&      14.747\\
            &      (5.53)&      (5.26)&      (5.36)&      (5.20)&      (6.32)&      (6.06)&      (6.09)&      (5.98)\\
Persistence of GDP process&       0.996&       0.991&       0.990&       0.990&       0.990&       0.988&       0.987&       0.987\\
            &      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)\\
AR2 test p-value&       15176&       15056&       14818&       14342&       14987&       14869&       14631&       14155\\
Observations&            &            &            &            &            &            &            &            \\
